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Eastman Chemical Co (STU:EAC) COGS-to-Revenue : 0.77 (As of Mar. 2024)


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What is Eastman Chemical Co COGS-to-Revenue?

Eastman Chemical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was €1,636 Mil. Its Revenue for the three months ended in Mar. 2024 was €2,125 Mil.

Eastman Chemical Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.77.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Eastman Chemical Co's Gross Margin % for the three months ended in Mar. 2024 was 23.03%.

Eastman Chemical Co COGS-to-Revenue Historical Data

The historical data trend for Eastman Chemical Co's COGS-to-Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Eastman Chemical Co COGS-to-Revenue Chart

Eastman Chemical Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
COGS-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.76 0.77 0.76 0.80 0.78

Eastman Chemical Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
COGS-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.78 0.75 0.79 0.79 0.77

Eastman Chemical Co COGS-to-Revenue Calculation

Eastman Chemical Co's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=6555.633 / 8445.57
=0.78

Eastman Chemical Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=1635.76 / 2125.2
=0.77

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Eastman Chemical Co  (STU:EAC) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Eastman Chemical Co's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %=1 - COGS to Revenue
=1 - Cost of Goods Sold / Revenue
=1 - 1635.76 / 2125.2
=23.03 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Eastman Chemical Co COGS-to-Revenue Related Terms

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Eastman Chemical Co (STU:EAC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Eastman Chemical Co (STU:EAC) » Definitions » COGS-to-Revenue
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Traded in Other Exchanges
EMN:USA EMN:Mexico EAC:Germany
Address
200 South Wilcox Drive, Kingsport, TN, USA, 37662
Website
https://www.eastman.com
Established in 1920 to produce chemicals for Eastman Kodak, Eastman Chemical has grown into a global specialty chemicals company with manufacturing sites around the world. The company generates the majority of its sales outside of the United States, with a strong presence in Asian markets. During the past several years, Eastman has sold noncore businesses, choosing to focus on higher-margin specialty product offerings.